The Receipt of Cash on Account from a Customer Should

question 33

Multiple Choice

The receipt of cash on account from a customer should be recorded as

• A) a debit to Cash and a credit to Accounts Payable.
• B) a debit to Cash and a credit to Income from Services.
• C) a debit to Cash and a credit to Accounts Receivable.
• D) a debit to Cash and a credit to the Capital account.
• E) none of these.

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Definitions:

Persuasive Speech

A form of communication aimed at convincing the audience to adopt a particular viewpoint or take a specific action.

Cognitive Dissonance Theory

A theory suggesting that individuals experience discomfort (dissonance) when their beliefs or behaviors are inconsistent, leading them to make changes to reduce this discomfort.

Unhealthy Behaviors

Actions or habits that are detrimental to physical or mental health, such as smoking, poor diet, and lack of exercise.

Confirmation Bias

The bias towards identifying, decoding, choosing, and memorizing details in a manner that validates one's preconceived ideas or suppositions.